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For individuals and turn it into a tax credit per individual. and it doesn t phase out. so $2,750 per person. a family of four is $11,000. just to give an idea. $50,000 income and a family of four you won t pay income taxes above that rate, depthing whether you have charitable deduction or home interest. you ll pay a 20% tax on every other dollar before that. so there s a carveout for lower income people not have tolling pay income taxes. but we treat everybody the same after that. 20%. but you do kind of pare back the mortgage interest deduction $25,000 cap. the housing industry will come on you like a ton of you know what. are you ready for that? we also get rid of the deduct ability of state and local taxes. you don t want to subsidize high ....
Fish, they all make sounds. reporter: the device can pick up the pinger sounds in depthing ranging from 50,000 feet from two miles away. here s why it s so critical to get that towed pinger locater down in the deep ocean. the block box can get stuck is in something called a deep sound channel. if the sound does get trapped there and bounces around, the only way to pick it up may be through one of these pinger locater devices. sending the towed pinger down there, the tpl, will put you in that channel so they can hear that echoer or ricochetting sound. when it picks up the sound it s in real time sent up the cable of the boats. in real time the scientists and technicians on board the boat will be listening. reporter: pinger locaters have been used for years. in 1996, a tpl successfully located the black box for twa flight 800, though that was in ....
Regulations that went into effect at the first of the year has all contributed to this. it requires more rest time for pilots. by the time some pilots waited out ground delays it was time to pull them out of service so that s attributing to everything, and right now we re being told at la guardia that things are slowly getting back to normal. thank you very much. now, large swaths of the country feeling the effect of this deep freeze. it affects 190 million americans. utilities are urging folks to conserve. rick leventhal is in new jersey. where demand for fuel is high. supply and demand, demand goes up, prices go up, too and right now, anywhere between 10 and 20 degrees below zero, depthing on who you believe, you can imagine people are using their heat. imagine not having heat. we talked to a fuel oil delivery man who says he has been working overtime since the day before new year s because a lot of folks are rafaelizeing their fuel oil tanks are near empty or ....
There, and then they hope, as early as monday, to start piping the oil out through that pipe, to the boat, and to seriously curtail the leak. because this the leak that the containment dome now covers is responsible for about 85% of the oil that is flowing into the gulf. and if this works, then they ll bring a second containment dome over the second leak. but they are not stopping there. because quite frankly, the odds of this working are extraordinarily high. this has never been tested before at this depthing, and so they re working on two other strategies. one would be to essentially clog the leaks with rubber cuttings, and the second strategy is to put a blowout preventer on top of the one that s down there, the one that apparently did not work, and see if this new blowout preventer to stcould st the leak. so there is a lot of hope riding on the containment dome, but no ....